BUSINESS

Naira loses by 0.12%, exchanges at N419.50 to dollar

Published

3 years ago

June 2, 2022

Lydia Ngwakwe

Naira exchanges at N359.4 to dollar at parallel market

The Naira on Thursday, depreciated at the Investors and Exporters window, exchanging at N419.50 to the dollar, a 0.12 per cent depreciation, compared to N419 on Wednesday.

The open indicative rate closed at N418.83 to the dollar on Thursday.

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N419.50.

The Naira sold for as low as 413 to the dollar within the day’s trading.

A total of 760.20 million dollars was traded in foreign exchange at the official Investors and Exporters window on Thursday.

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Lydia Ngwakwe

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